| And to think some were happy with Evans rather than the risk of new owners 14:33 - Aug 9 with 3567 views | The_Romford_Blue |
We’ve hit the jackpot with these Americans haven’t we. They’re class |  |
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| And to think some were happy with Evans rather than the risk of new owners on 16:36 - Aug 9 with 770 views | Radlett_blue |
| And to think some were happy with Evans rather than the risk of new owners on 16:29 - Aug 9 by Kropotkin123 |
Exactly, I'm feeling pretty vindicated regarding moaning about the lack of a structure over the past 2 years. Sure others are too. Let's hope all this positivity can translate onto the pitch. |
The recruitment seems better organised & structured than I can recall. While I don't expect Town to be top of the league in a few weeks, Cook has certainly been given the firepower to produce the attacking, promotion hunting team we all crave. |  |
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| And to think some were happy with Evans rather than the risk of new owners on 16:36 - Aug 9 with 771 views | trncbluearmy |
| And to think some were happy with Evans rather than the risk of new owners on 15:46 - Aug 9 by bluelagos |
"We have (so far) hit the jackpot."
How I see it. Going with a pension fund seems high risk to me. We have entered a high stakes game of poker and thus far have been dealt a pair of kings. Looks promising but no guarantees for me.
Fingers crossed our next cards are good ones too. |
Pension funds are highly regulated.
ITFC are a very small diversification in a massive fund
It is not uncommon for US pension funds to invest in sport.
Pension funds invest very long term
The end game will be either sale or more likely dividend generation (ITFC effectively pay an income to the pension fund)
It is a low risk investment for the fund because it is such a small part of the fund and low risk for Ipswich |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 16:40 - Aug 9 with 755 views | Radlett_blue |
| And to think some were happy with Evans rather than the risk of new owners on 16:36 - Aug 9 by trncbluearmy |
Pension funds are highly regulated.
ITFC are a very small diversification in a massive fund
It is not uncommon for US pension funds to invest in sport.
Pension funds invest very long term
The end game will be either sale or more likely dividend generation (ITFC effectively pay an income to the pension fund)
It is a low risk investment for the fund because it is such a small part of the fund and low risk for Ipswich |
It's not a "low risk" investment - it's a high risk, small scale investment for the fund. Not uncommon for funds to adopt a bar bell approach of some solid, income generating assets plus a selection of smaller, speculative investments to add some spice. The interesting things will be (1) how long they keep backing Cook if there aren't some signs of results and (2) how much they are prepared to "invest" if we get back into the 2nd tier. | |
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| And to think some were happy with Evans rather than the risk of new owners on 16:43 - Aug 9 with 740 views | BryanPlug |
| And to think some were happy with Evans rather than the risk of new owners on 16:24 - Aug 9 by Nthsuffolkblue |
Wrong. It is the most exciting time since we had a play-off semi final in the Championship, or since we were top of the Championship in January, or since Evans took over. The potential for this to be more successful than those things is there but at the moment we have achieved nothing and it is just potential. |
[content removed at owner's request] |  |
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| And to think some were happy with Evans rather than the risk of new owners on 16:43 - Aug 9 with 736 views | Churchman |
| And to think some were happy with Evans rather than the risk of new owners on 16:16 - Aug 9 by Nthsuffolkblue |
Bury might have folded but Notts County and Bolton did far worse than us to name just two. |
Bolton had 10 years in the PL after us and are back in the same league as us after the disastrous financial mess they got into. Thinking of Bolton, the day Evans walked through the door to the day he lost control, many clubs have passed us on the way up, including the might of Barnsley, Luton and Peterborough and very few have passed us on the way down.
I hope somebody buys his 5% soon and the stain of his depressing ownership can be finally scrubbed away. |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 16:58 - Aug 9 with 701 views | gordon |
| And to think some were happy with Evans rather than the risk of new owners on 16:40 - Aug 9 by Radlett_blue |
It's not a "low risk" investment - it's a high risk, small scale investment for the fund. Not uncommon for funds to adopt a bar bell approach of some solid, income generating assets plus a selection of smaller, speculative investments to add some spice. The interesting things will be (1) how long they keep backing Cook if there aren't some signs of results and (2) how much they are prepared to "invest" if we get back into the 2nd tier. |
Exactly right - it's a high risk punt to balance the portfolio, but they won't be in a position to keep running the club at a loss indefinitely, and its pretty difficult to make a profit out of football!
Assuming we are able stabilise in the championship, what then? That league is basically a money black hole, and they won't be able to justify funding a mid-table championship team forever - I guess we'd have about 3 years to have a go at it, and then they'll presumably pull the plug if it isn't working, or the club isn't making significant transfer income. The ownership structure is presumably designed to make it easy for the pension fund to make it's retreat. |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 17:16 - Aug 9 with 664 views | bluelagos |
| And to think some were happy with Evans rather than the risk of new owners on 16:36 - Aug 9 by trncbluearmy |
Pension funds are highly regulated.
ITFC are a very small diversification in a massive fund
It is not uncommon for US pension funds to invest in sport.
Pension funds invest very long term
The end game will be either sale or more likely dividend generation (ITFC effectively pay an income to the pension fund)
It is a low risk investment for the fund because it is such a small part of the fund and low risk for Ipswich |
"It is a low risk investment for the fund because it is such a small part of the fund "
Nah, that it is a small part of their investments doesn't make it high/low risk, it merely means it they have wisely spread their risk and not put too much into one area.
It is a punt for them (high risk, high return) for a relatively small amount of money with a very high return if it comes off.
If you found an outside horse you liked the look of, put a tenner on at 100-1 horse and it kept coming in last, would you keep on betting on the horse when it was clear it wasn't going anywhere? Even a wealthy gambler wouldn't carry on chasing a failed strategy.
Hopefully of course we come good - but the fact they are big does not mean they'll simply throw good money after bad (if it turns out that way) |  |
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| And to think some were happy with Evans rather than the risk of new owners on 17:17 - Aug 9 with 663 views | bluelagos |
| And to think some were happy with Evans rather than the risk of new owners on 16:40 - Aug 9 by Radlett_blue |
It's not a "low risk" investment - it's a high risk, small scale investment for the fund. Not uncommon for funds to adopt a bar bell approach of some solid, income generating assets plus a selection of smaller, speculative investments to add some spice. The interesting things will be (1) how long they keep backing Cook if there aren't some signs of results and (2) how much they are prepared to "invest" if we get back into the 2nd tier. |
" a selection of smaller, speculative investments to add some spice"
Exactly this, nothing more, nothing less. | |
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| And to think some were happy with Evans rather than the risk of new owners on 17:24 - Aug 9 with 651 views | Radlett_blue |
| And to think some were happy with Evans rather than the risk of new owners on 16:58 - Aug 9 by gordon |
Exactly right - it's a high risk punt to balance the portfolio, but they won't be in a position to keep running the club at a loss indefinitely, and its pretty difficult to make a profit out of football!
Assuming we are able stabilise in the championship, what then? That league is basically a money black hole, and they won't be able to justify funding a mid-table championship team forever - I guess we'd have about 3 years to have a go at it, and then they'll presumably pull the plug if it isn't working, or the club isn't making significant transfer income. The ownership structure is presumably designed to make it easy for the pension fund to make it's retreat. |
Exactly. The sums invested currently don't look too bad but, as you say, the Championship (assuming we get there in the next 2 years, which must be a minimum requirement) is a financial black hole, with several clubs losing £40m a year. Even if promotion to the PL is achieved then, is there an exit strategy as most clubs there don't exactly make a fortune. | |
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| And to think some were happy with Evans rather than the risk of new owners on 17:33 - Aug 9 with 634 views | Nthsuffolkblue |
| And to think some were happy with Evans rather than the risk of new owners on 17:16 - Aug 9 by bluelagos |
"It is a low risk investment for the fund because it is such a small part of the fund "
Nah, that it is a small part of their investments doesn't make it high/low risk, it merely means it they have wisely spread their risk and not put too much into one area.
It is a punt for them (high risk, high return) for a relatively small amount of money with a very high return if it comes off.
If you found an outside horse you liked the look of, put a tenner on at 100-1 horse and it kept coming in last, would you keep on betting on the horse when it was clear it wasn't going anywhere? Even a wealthy gambler wouldn't carry on chasing a failed strategy.
Hopefully of course we come good - but the fact they are big does not mean they'll simply throw good money after bad (if it turns out that way) |
They have spotted potential and see that running the club properly is likely to make them more money than they invest.
Their plans will be something along the following:
Invest sufficient to make us a Premier League club and then sell up for a massive profit or take TV revenue to make back their money before selling up.
Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. |  |
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| And to think some were happy with Evans rather than the risk of new owners on 17:46 - Aug 9 with 607 views | Radlett_blue |
| And to think some were happy with Evans rather than the risk of new owners on 15:11 - Aug 9 by PrideOfTheEast |
Surely nobody was happy with Evans.
Very pleased he’s done his diligence and sold us to somebody who invests in a football structure. Unlike Sheepy did of course. Evans could very easily have flogged us to the group that bought and stitched up Wigan etc. |
In fairness to Sheepy, Evans seemed like a good call a the time & if he'd picked a decent manager rather than Keane, Town & Evans might well have both prospered. He was playing the same game as the current owners - invest in a struggling, middle ranking football club & with some luck & skill, it could be rewarding. Evans didn't have the skill or the luck, but at least the new owners seem to understand that a proper football structure is necessary, as well as deep pockets. | |
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| And to think some were happy with Evans rather than the risk of new owners on 17:58 - Aug 9 with 590 views | bluelagos |
| And to think some were happy with Evans rather than the risk of new owners on 17:33 - Aug 9 by Nthsuffolkblue |
They have spotted potential and see that running the club properly is likely to make them more money than they invest.
Their plans will be something along the following:
Invest sufficient to make us a Premier League club and then sell up for a massive profit or take TV revenue to make back their money before selling up.
Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. |
Agree with your first 3 paras.
"Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. "
Just don't buy it. If we say in 5 years time are not materially higher up the pyramid than we are now - then I am struggling to see a queue of buyers, paying more for us as we are "better run".
If the investment works, then great. If it doesn't, then I think you are mistaken that we will be more attractive than before to a buyer. It would be 2 successive owners to have ploughed serious money in and not seen a return on the pitch...
That is why I think the deal is high risk for us. Cos if it doesn't come off, then we are up sh1t creak without an owner willing to throw good money after bad (as Evans did)
Anyhow - we can debate it all night and not agree so happy to have a different view from you and a few others. And we all agree we want to see the new owners succeed :-) | |
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| And to think some were happy with Evans rather than the risk of new owners on 18:14 - Aug 9 with 567 views | istanblue |
What's even more embarrassing is some still think Evans was good for the club. |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 18:21 - Aug 9 with 558 views | Horseboy |
| And to think some were happy with Evans rather than the risk of new owners on 14:54 - Aug 9 by Bluefish |
Why? What are you basing it on? Initial spending? Manager appointment?
The initial spending from Evans blows all out the water but keane wasted it horrifically. The Americans and Evans both agreed that Cook is the right appointment so no real difference there albeit Evans made multiple previous managerial errors.
The Americans are a breath of fresh air but so was Evans, we went out to buy the league back then in a higher league and it went horribly wrong. The Americans have got a long way to go to match the Evans spending but they have been correcting some of the missing parts in the backroom staff.
We shouldn't rewrite history in the excitement |
Agree, I thought our initial transfer activity had some structure but are we beginning to throw mud against a wall??? |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 18:52 - Aug 9 with 525 views | The_Flashing_Smile |
| And to think some were happy with Evans rather than the risk of new owners on 17:58 - Aug 9 by bluelagos |
Agree with your first 3 paras.
"Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. "
Just don't buy it. If we say in 5 years time are not materially higher up the pyramid than we are now - then I am struggling to see a queue of buyers, paying more for us as we are "better run".
If the investment works, then great. If it doesn't, then I think you are mistaken that we will be more attractive than before to a buyer. It would be 2 successive owners to have ploughed serious money in and not seen a return on the pitch...
That is why I think the deal is high risk for us. Cos if it doesn't come off, then we are up sh1t creak without an owner willing to throw good money after bad (as Evans did)
Anyhow - we can debate it all night and not agree so happy to have a different view from you and a few others. And we all agree we want to see the new owners succeed :-) |
I don't see how we're in any more of a risky position than if we'd just stayed with Evans. He wouldn't have kept throwing good money after bad indefinitely either. |  |
| Trust the process. Trust Phil. |
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| And to think some were happy with Evans rather than the risk of new owners on 19:05 - Aug 9 with 516 views | Leaky |
| And to think some were happy with Evans rather than the risk of new owners on 14:46 - Aug 9 by ElderGrizzly |
The new owners have got proper football experience in across the club, rather than Evans appointing Clegg and Milne.
The money side, Evans backed us substantially when he arrived, as have the new owners given we are in L1.
With Downes going, we will probably have brought in more than we've spent on transfer fees too.
The big test for the new owners is what do we do if/when we get promoted to the Championship. How big do they go? |
Perhaps they are building with the championship in mind. When this squad get bedded in I think we will be a good championship side. There we wil be tweaks needed some players will excel some will fail. |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 20:08 - Aug 9 with 498 views | Churchman |
| And to think some were happy with Evans rather than the risk of new owners on 17:46 - Aug 9 by Radlett_blue |
In fairness to Sheepy, Evans seemed like a good call a the time & if he'd picked a decent manager rather than Keane, Town & Evans might well have both prospered. He was playing the same game as the current owners - invest in a struggling, middle ranking football club & with some luck & skill, it could be rewarding. Evans didn't have the skill or the luck, but at least the new owners seem to understand that a proper football structure is necessary, as well as deep pockets. |
Luck never entered into it. Gross incompetence, poor judge of people, lack of interest after the one season gamble failed, negligence, failure to understand how a football club works and basic not caring about the club to find out summarises Evans for me.
The comments by a selection of people past and present at the club are ample evidence for me.
As for luck, yes it can play a part. But by and large, you make your own. | | | |
| And to think some were happy with Evans rather than the risk of new owners on 20:16 - Aug 9 with 481 views | ElderGrizzly |
| And to think some were happy with Evans rather than the risk of new owners on 17:33 - Aug 9 by Nthsuffolkblue |
They have spotted potential and see that running the club properly is likely to make them more money than they invest.
Their plans will be something along the following:
Invest sufficient to make us a Premier League club and then sell up for a massive profit or take TV revenue to make back their money before selling up.
Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. |
Absolutely. Whatever angle you take, they bought us to make money. |  | | |
| And to think some were happy with Evans rather than the risk of new owners on 21:28 - Aug 9 with 413 views | Nthsuffolkblue |
| And to think some were happy with Evans rather than the risk of new owners on 17:58 - Aug 9 by bluelagos |
Agree with your first 3 paras.
"Failing to do that, find a buyer who sees a better run club as having far greater potential than when they bought and again sell for a higher fee than they bought. "
Just don't buy it. If we say in 5 years time are not materially higher up the pyramid than we are now - then I am struggling to see a queue of buyers, paying more for us as we are "better run".
If the investment works, then great. If it doesn't, then I think you are mistaken that we will be more attractive than before to a buyer. It would be 2 successive owners to have ploughed serious money in and not seen a return on the pitch...
That is why I think the deal is high risk for us. Cos if it doesn't come off, then we are up sh1t creak without an owner willing to throw good money after bad (as Evans did)
Anyhow - we can debate it all night and not agree so happy to have a different view from you and a few others. And we all agree we want to see the new owners succeed :-) |
I can't see them staying 5 years and us remaining in League 1.
Maybe there is a scenario but I can't see it.
There is a degree to which investment does not guarantee success but those clubs that have significant more backing than others in the same league do not continue to languish in that league unless there is severe mismanagement going on. | |
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